Template:M summ 2002 ISDA Applicable Deferral Rate: Difference between revisions
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If you want to find out the {{isdaprov|Applicable Close-out Rate}}, chances are you will bump into one of these deferred payments rates. | If you want to find out the {{isdaprov|Applicable Close-out Rate}}, chances are you will bump into one of these deferred payments rates. You might think, and we might agree with you, that {{icds}} was over-thinking a remote contingency for recovering more money from a counterparty that probably doesn’t have the money to pay it in the first place. Okay, okay, it might do upon a {{isdaprov|Force Majeure Event}} or an {{isdaprov|Illegality}}. But not a {{isdaprov|2(a)(iii)}} suspension. | ||
Latest revision as of 07:54, 5 June 2023
If you want to find out the Applicable Close-out Rate, chances are you will bump into one of these deferred payments rates. You might think, and we might agree with you, that ISDA’s crack drafting squad™ was over-thinking a remote contingency for recovering more money from a counterparty that probably doesn’t have the money to pay it in the first place. Okay, okay, it might do upon a Force Majeure Event or an Illegality. But not a 2(a)(iii) suspension.